Anabelle Colaco
11 Jul 2025, 07:47 GMT+10
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street bank said on July 8, taking a new post a year after he led the Conservatives to a crushing electoral defeat.
Sunak, who remains a Conservative member of parliament from a seat in northern England, worked as an analyst at Goldman in the early 2000s before joining a series of hedge funds.
Through a combination of his past career in financial services and the family wealth of his wife, whose father co-founded the Indian IT services company Infosys, Sunak became the wealthiest British prime minister, drawing criticism of being out of touch with ordinary people.
He has remained largely out of the spotlight since resigning as leader of the Conservatives last July after the party's worst defeat in over a century. He took up posts at Oxford and Stanford universities earlier this year.
Goldman's hiring of Sunak, who had also served as Britain's finance minister and senior adviser, adds to a long list of senior politicians taking up positions in finance where their policy background and global networks are viewed as strategic assets.
"I am excited to welcome Rishi back to Goldman Sachs," Goldman CEO David Solomon said in a statement. In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape. "
Former British finance ministers George Osborne and Sajid Javid have also moved to finance, with Osborne holding positions at asset manager BlackRock and advisory firm Robey Warshaw and Javid becoming a partner at investment firm Centricus.
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More Information(Photo credit: Eric Canha-Imagn Images) Ceddanne Rafaela's two-run single in the bottom of the seventh inning highlighted a 2-for-3...
(Photo credit: Wendell Cruz-Imagn Images) The Athletics demoted right-hander Mitch Spence to Triple-A Las Vegas on Thursday, one...
(Photo credit: Kamil Krzaczynski-Imagn Images) Thursday evening's contest between the host Chicago White Sox and Cleveland Guardians...
(Photo credit: Stephen Lew-Imagn Images) New Orleans Pelicans forward Herbert Jones agreed to a three-year, $68 million extension,...
(Photo credit: Jordan Johnson-Imagn Images) Pete Crow-Armstrong crushed a pair of home runs and right-hander Colin Rea handled the...
(Photo credit: Kirby Lee-Imagn Images) Los Angeles Chargers running back Najee Harris sustained an eye injury in a Fourth of July...
(Photo credit: Kirby Lee-Imagn Images) Los Angeles Chargers running back Najee Harris sustained an eye injury in a Fourth of July...
(Photo credit: John E. Sokolowski-Imagn Images) Veteran quarterback Trevor Harris returns to action and the Saskatchewan Roughriders...
(Photo credit: Alex Martin/Journal and Courier / USA TODAY NETWORK via Imagn Images) Southern California offensive lineman DJ Wingfield...
(Photo credit: Denny Medley-Imagn Images) LSU and coach Brian Kelly scored a huge win Thursday, keeping local product Lamar Brown...
(Photo credit: Mark J. Rebilas-Imagn Images) Amazon Prime Video has hired veteran broadcaster Kevin Harlan to call NBA games during...
(Photo credit: Eric Hartline-Imagn Images) San Francisco 49ers wide receiver Demarcus Robinson was sentenced to three years probation...